On 21 September 2022, UK FCA gave an update on its proposed enforcement action against Link Fund Solutions Ltd (LFS), following September 12 Link Group announcement to ASX. Link Group statement confirmed FCA issued LFS with a draft warning notice. Warning notice gives recipient an opportunity to resolve the case by agreement. The draft warning […]
On 22 September 2022, EU CMSN published decision 146/2022 changing EEA Agreement. Background: Europalov updated on reg 2022/27 amending reg 236/2012 as regards the adjustment of the relevant threshold for notification of short selling in shares.
On Sep. 21, AFME called for industry discussion on shortening cycles in Europe Overview New paper discusses if Europe should move to 1-day settlement cycle (known as T+1). Current settlement for most transactions in equities, fixed income markets is (T+2). Post announcements by US, other of intention to move to shorter settlement cycles. The move […]
On 21 September 2022, the SEC’s Investment Advisory Committee had a public meeting to discuss shareholding disclosure reporting. Background: Proposed Rule 10B-1 Committee received comments on the proposed changes to 10B-1 Position Reporting of Large Security-Based Swap Positions / Asset-Based Swaps Discussion pertained to the modernizing of the reporting and regulation of the swaps markets. […]
On 16 September 2022 UK CMA provisionally found competition concerns. UK CMA provisionally found competition concerns as part of its in-depth investigation of the completed takeover by NEC Software Solutions UK Limited of SSS Public Safety Limited and Secure Solutions USA LLC (previously part of Capita plc). Follows UK CMA January 2022 probed NEC software […]
On 16 September 2022, TAI FSC published consultation paper with proposed amendments. Consultation will be open for 60 days. Background: TAI FSC proposed to amend regulations governing foreign investments by insurance companies, to increase the scope of recognition by foreign credit rating agencies.